Fiscal deficit in 2012-13 may be less than 5.2 percent: FM

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Last Updated: Mon, Mar 04, 2013 11:12 hrs

India's fiscal deficit may be less than the provisional figure of 5.2 percent of gross domestic product for the 2012/13 fiscal year that ends on March 31, Finance Minister P. Chidambaram said on Monday.

Chidambaram said in his budget speech last Thursday that 2012/13 fiscal deficit is seen lower at 5.2 percent of GDP, compared with his earlier estimates of 5.3 percent.